Dollars and Nonsense

In this episode, we provide answers to the most common objections we hear from people that are investigating the Infinite Banking Concept.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e126

Topics Discussed:

• The only question that's a dumb question is the one you don't ask
• Comparing rates of return and common misunderstandings
• What it means to keep your money moving and doing more than one job
• How and why infinite banking is a banking system and not an investment
• Is it a simple get out of debt system or much more?
• When paying for cash is counterproductive to the real goal you're after
• Is this just a get-rich-quick scheme?

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we interview Ray Poteet, the founder of Living Wealth. He joins us to discuss what the best practitioners of Infinite Banking do, and compare that to the clients who are not maximizing IBC.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e125

Topics Discussed:

• Why regular communication with a trusted guide is paramount to success
• Keeping money in motion and avoiding stagnation
• Overcoming the fear of the unknown and embracing help
• The potential application of the "Rainy Day" mentality
• When creativity and an adventurous nature pay off
• Why a traditional view rate of return confounds and trips people up
• What it means to pay yourself back to create a financial flywheel
• Understanding that Infinite Bank is not about the policy, it is about what you do with the policy

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss how you can avoid the three most common mistakes people make when practicing the Infinite Banking Concept.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e124

Topics Discussed:

• How to avoid infinite banking concept mistakes
• The mindsets that must change to achieve financial success
• How to see opportunities when they present themselves
• Why repaying policy loans is the number one mistake people make
• What it means to steal the peas
• The mindset of seeing your policy as a banking business you are an owner in
• When it is ok to not repay a policy loan
• The pitfall of not understanding opportunity costs
• The mistake of merely seeing a policy as an investment opportunity instead of a holistic system of wealth creation

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, discuss how the default option in almost every area of life is the most expensive. We also share how you can get yourself out of the herd to avoid the slaughterhouse.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e123

Topics Discussed:

• Why the default choice options are usually the most expensive
• Probate example -- when spending $3,000 today saves you $50,000 tomorrow
• Income tax example
• 401k example
• Social security example
• Savings account and liquid cash example
• Why people don't like to plan and how to shortcircuit this mindset
• How to outsmart the system and avoid being fooled by the default

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

Topics Discussed:

• Why the default choice options are usually the most expensive
• Probate example -- when spending $3,000 today saves you $50,000 tomorrow
• Income tax example
• 401k example
• Social security example
• Savings account and liquid cash example
• Why people don't like to plan and how to shortcircuit this mindset
• How to outsmart the system and avoid being fooled by the default

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss the power of certainty in your finances. We also share how to identify and limit the external factors seeking to destroy your future.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e122

Topics Discussed:

• Seeking out the opportunities to invest
• What financial certainty really looks like
• How simply knowing the rules yields fast results in certainty
• Internal vs external factors of control
• How IBC is a process and not a product
• The big rules of IBC
• Case studies and cautionary tales

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss financial risk. Most of us are aware that certain investments are riskier than others, but what do we mean when we say that? Are there different kinds of risks, and how do you know what types you should take?

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e121

Topics Discussed:

• Understanding how financial risk assessment is personal
• What is risk at its root
• Risk vs. Reward considerations
• How to assess what risks exist
• How to measure risk based on your needs and tolerance
• Being aware of and guarding against cognitive bias

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss how the current political environment is flashing warning signals of inflation. We'll also share how the infinite banking concept can protect you from the harmful effects of inflation, be it transitory hyperinflation or long-term.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e120

Topics Discussed:

• Current events and monetary policy fueling concern
• Is inflation already here
• Planning for a financial future when prices are rising
• Why the FED wants more than 2% inflation
• What's happening to the money you leave sitting in savings
• Thoughts on gold, silver, BitCoin, and other assets
• How using Infinite Banking keeps your money growing even during inflationary periods

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

In this episode, we discuss the age-old personal finance question, "Should I buy more assets, or should I pay off debt?" Navigating and answering this question is especially vital within the Infinite Banking system.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e119

Topics Discussed:

• The advantages and disadvantages of paying everything off
• The advantages and disadvantages of paying focusing on acquiring assets over debt
• Considering financial strategies relative to your stage in life
• The strategy IBC employs and why
• What it means to become your own banker
• Utilizing strong dollars today and paying for things with weaker dollars tomorrow
• Making money do more than one job at a time
• When paying off debt actually becomes counter-productive to your financial growth

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

This episode turns the tables on some of the most common misconceptions about infinite banking and whole life insurance promoted by many ignorant financial gurus. Chief among them is the claim in the news that if you received the COVID-19 vaccine, it would void your death benefit because it's an experimental drug. We'll share the truth direct from the industry and what you must need to know.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e118

In this episode, we discuss the unseen power of infinite banking to transform lives and how you can't put all the benefits of IBC on a spreadsheet. DESCRIPTION

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e117

Topics Discussed:

• What happens first when you finally start to take control of your finances
• A quick discussion on the benefits shown through analytics and spreadsheets
• Finding joy in things that used to be stressful anxiety-inducing events
• Shifting the way you think about money for a more productive life
• Alleviating fear of the unknown and uncertainty of your financial well-being
• Moving from worker mentality to entrepreneurial and what that does for you
• Adopting a fresh perceiving and understanding of how you can make your money benefit you now AND in the future

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/